The business of originating and servicing second liens continues to struggle with lenders cutting back on production and allowing their receivables to run off, according to new figures compiled by ASR sister publication National Mortgage News (NMN) and the Quarterly Data Report (QDR).

At June 30 the nation’s banks and nondepositories serviced roughly $670 billion of seconds, a 5% decline from the same period a year ago.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.